[Federal Register Volume 59, Number 247 (Tuesday, December 27, 1994)]
[Unknown Section]
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From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-31714]
[[Page Unknown]]
[Federal Register: December 27, 1994]
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FEDERAL RESERVE SYSTEM
Agency Forms Under Review
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice.
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BACKGROUND: On June 15, 1984, the Office of Management and Budget (OMB)
delegated to the Board of Governors of the Federal Reserve System
(Board) its approval authority under the Paperwork Reduction Act of
1980, as per 5 CFR 1320.9, to approve of and assign OMB control numbers
to collection of information requests and requirements conducted or
sponsored by the Board under conditions set forth in 5 CFR 1320.9.
Board-approved collections of information will be incorporated into the
official OMB inventory of currently approved collections of
information. A copy of the OMB 83I and supporting statement and the
approved collection of information instrument(s) will be placed into
OMB's public docket files. The following forms, which are being handled
under this delegated authority, have received initial Board approval
and are hereby published for comment. At the end of the comment period,
the proposed information collection, along with an analysis of comments
and recommendations received, will be submitted to the Board for final
approval under OMB delegated authority.
DATES: Comments must be submitted on or before January 11, 1995.
ADDRESSES: Comments, which should refer to the OMB Docket number (or
Agency form number in the case of a new information collection that has
not yet been assigned an OMB number), should be addressed to Mr.
William W. Wiles, Secretary, Board of Governors of the Federal Reserve
System, 20th and C Streets, NW., Washington, DC 20551, or delivered to
the Board's mail room between 8:45 a.m. and 5:15 p.m., and to the
security control room outside of those hours. Both the mail room and
the security control room are accessible from the courtyard entrance on
20th Street between Constitution Avenue and C Street, NW. Comments
received may be inspected in room B-1122 between 9 a.m. and 5 p.m.,
except as provided in section 261.8 of the Board's Rules Regarding
Availability of Information, 12 CFR 261.8(a).
A copy of the comments may also be submitted to the OMB desk
officer for the Board: Milo Sunderhauf, Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, room 3208, Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT: A copy of the proposed form, the
request for clearance (OMB 83I), supporting statement, instructions,
and other documents that will be placed into OMB's public docket files
once approved may be requested from the agency clearance officer, whose
name appears below. Mary M. McLaughlin, Federal Reserve Board Clearance
Officer (202-452-3829), Division of Research and Statistics, Board of
Governors of the Federal Reserve System, Washington, D.C. 20551. For
the hearing impaired only, Telecommunications Device for the Deaf (TDD)
Dorothea Thompson (202-452-3544), Board of Governors of the Federal
Reserve System, Washington, DC 20551.
Proposal to approve under OMB delegated authority the extension,
with revisions, of the following reports:
1. Report title: Report of Foreign (Non-U.S.) Currency Deposits
Agency form number: FR 2915.
OMB Docket number: 7100-0237.
Frequency: Quarterly.
Reporters: Depository institutions.
Annual reporting hours: 418.
Estimated average hours per response: 0.50.
Number of respondents: 209.
Small businesses are affected.
General description of report: This information collection is
required [12 U.S.C. Sec. 248(a)] and is given confidential treatment [5
U.S.C. Sec. 552(b)(4)].
Abstract: The FR 2915 reporting form collects weekly averages of
the amounts outstanding for foreign (non-U.S.) currency deposits held
at U.S. offices of depository institutions, converted to U.S. dollars
and included in the FR 2900 (OMB No. 7100-0087), the principal deposits
report that is used for the calculation of required reserves and for
construction of the monetary and reserves aggregates. Foreign currency
deposits are subject to reserve requirements and, therefore, are
included in the FR 2900. However, foreign currency deposits are not
included in the monetary aggregates. The FR 2915 data are used to back
foreign currency deposits out of the FR 2900 data for construction of
the monetary aggregates. The FR 2915 data also are used to monitor the
volume of foreign-currency deposits.
The Federal Reserve proposes to reduce the reporting frequency for
current monthly reporters to quarterly. The proposed revision would
reduce the annual reporting burden for this report by 66 percent.
2. Report title: Financial Statements for a Bank Holding Company
Subsidiary Engaged in Bank-Ineligible Securities Underwriting and
Dealing
Agency form number: FR Y-20.
OMB Docket number: 7100-0248.
Frequency: Quarterly.
Reporters: Bank Holding Companies.
Annual reporting hours: 1,519.
Estimated average hours per response: 12.25.
Number of respondents: 31.
Small businesses are not affected.
General description of report: This information collection is
mandatory to obtain or retain a benefit [12 U.S.C. 1844(b) and (c)] and
is given confidential treatment [5 U.S.C. 552(b)(4)].
Abstract: This report is filed by bank holding companies that have
received the Board's approval by Order to engage in limited
underwriting and dealing in securities of a type which a bank may not
underwrite or deal in directly. The report consists of a balance sheet,
statement of income, supporting schedules for securities owned, and a
statement of changes in stockholders' equity. In addition, there are
several memoranda items which collect information on intercompany
liabilities and off-balance sheet items, and information that is needed
for an alternative measure of indexed-revenue. The proposed minor
change, to become effective as of December 31, 1994, involves the
addition of memoranda items on the income statement to collect year-to-
date gross income, total expenses, and net income.
By order of the Board of Governors of the Federal Reserve
System, December 20, 1994.
William W. Wiles,
Secretary of the Board.
[FR Doc. 94-31714 Filed 12-23-94; 8:45 am]
BILLING CODE 6210-01-P